Business Context and Reporting Period
This Form 6-K filing by Gold Fields Limited, dated March 28, 2017, announces the publication of the company's 2016 Integrated Annual Report and associated documents. The reporting period covers the fiscal year ended December 31, 2016. Gold Fields is a globally diversified gold producer with operations in South Africa, West Africa, Australia, and South America.
Key Financial and Operational Metrics
The filing serves as a notice of publication rather than a detailed financial statement; therefore, specific revenue, profit, cash flow, margin, debt, and liquidity figures are not provided in this text. The filing references previously published preliminary consolidated results from February 16, 2017, which remain unchanged.
Key operational metrics disclosed include:
- Annual Production: Approximately 2.2 million attributable gold-equivalent ounces.
- Gold Mineral Reserves: 48.1 million ounces (as of December 31, 2016).
- Gold Mineral Resources: 101.5 million ounces (as of December 31, 2016).
- Copper Mineral Reserves: 454 million pounds.
- Copper Mineral Resources: 5,813 million pounds.
- Valuation Assumptions: Reserves are based on gold prices of US$1,200/oz and copper prices of US$2.3/lb.
Material Changes
The filing explicitly states that no abridged report was published because the information previously released in the reviewed preliminary consolidated results on February 16, 2017, has not changed. No material changes to financial performance or operational status are detailed in this specific document.
Guidance, Outlook, and Corporate Events
Audit Status: KPMG Inc. has audited the financial statements for the year ended December 31, 2016, issuing an unmodified audit report.
Annual General Meeting (AGM):
- Date: Wednesday, May 24, 2017, at 09:00.
- Location: 150 Helen Road, Sandown, Sandton, South Africa.
- Record Date: Friday, May 19, 2017.
- Last Trading Day: Tuesday, May 16, 2017.
Document Availability: The Integrated Annual Report, Annual Financial Report, and Mineral Resource and Mineral Reserve Supplement are available on the company website.
Investor Verification Checklist
- Verify the full financial details (revenue, EBITDA, cash flow) in the preliminary results released on February 16, 2017, as this filing confirms no changes to those figures.
- Review the 2016 Mineral Resource and Mineral Reserve Supplement for detailed breakdowns of tonnes, grades, and reconciliations.
- Confirm the record date (May 19, 2017) and last trading day (May 16, 2017) for AGM voting eligibility.
- Check the unmodified audit report by KPMG Inc. for any specific qualifications or emphasis of matter not detailed in this summary.